The American Civil Liberties Union sent out an emergency appeal to card-carrying members and donors this week after realizing it is a victim of Bernard Madoff's self-confessed Ponzi scheme.I guess these clowns have never heard the phrase “If it sounds to good to be true it generally is”.
"We've been hit hard in a way that no one could forecast," Alma Montcla, director of administration and finance for the left-leaning advocacy group, wrote this week.
"Two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal - forced to close their doors and terminate their grants," the plea said.
It’s all a matter of greed and when everyone else is getting 4% and Madoff is offering three times that return maybe a little light bulb should have gone on.
No comments:
Post a Comment